Amazon continues Bellevue expansion, leases two-tower project
Apr 30, 2019, 2:34 PM
Amazon continues to make space for a flood of employees in Bellevue, reportedly signing a long-term lease for a two-tower development on the Eastside.
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The Puget Sound Business Journal reports that Amazon has signed an agreement with Trammell Crow Co., for a long-term lease on the future site of a 15-story, 715,000-square-foot property in downtown Bellevue. The complex will be called Binary Towers.
Construction on the site is expected to start this summer, and wrap up in early 2022.
Amazon announced its plans to move its entire worldwide operations team from Seattle to Bellevue at the beginning of April. Since then, details on various property deals in on the Eastside have continued to surface.
The tech giant recently dropped $195 million on the 10-story Bellevue Corporate Plaza, and has already leased the building that previously housed Expedia’s corporate headquarters.
Based on the total square feet of office space Amazon is set to have on the Eastside (almost 4 million square feet), the Journal estimates that the company will have room for over 25,000 employees when it’s all said and done. It had previously stated its goal was to have 4,500 employees moved to Bellevue by 2020.
This all comes after Amazon pulled out of its plans to build a 25,000-employee headquarters in New York.
Shortly after that, Amazon pulled out of a prominent downtown Seattle office project — about 10 months after the company threatened to do so if Seattle imposed a new head tax.
The company previously noted that roughly 10,000 job openings in Seattle will remain.
